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street. >>> john paulson, hedge fund manager best known for making big money when he called the collapse of the housing market, now calling the bottoms. paulson said he's bullish on the u.s. economy due to housing. kay kelly is here and she's got more on that story. kay? >> yes, interesting talk last night at the 92nd street y. they had contradictory views on the economic outlook. john paulson bullish, anchored in his theory that housing is going to do very well this year. that we've seen a strong recovery already and that's likely to continue. he pointed to a couple of things. he said mortgage rates are at an all-time low. the number of houses available on the market are at essentially a ten-year low. so it's a very attractive time to buy. he thinks this will all put pressure on building efforts and we'll see a much stronger recovery in terms of building new homes than in quite a long time. the most positive change in housing, he said, since the lehman's brothers collapse in september of 2008. he thinks the stock market rally we saw last year and seeing so far this year is heartening. h
:00 in the afternoon. he's got another party he's hosting tonight in davos. he's flying john legend over to play at the party tonight. i'll try to get a camera in there so we can show some pictures on monday. it's been a great week. optimistic tone here. i should say thank you to everybody, to the huge production crew, they did an awesome, awesome job. thank you, guys. guess who's here. >> that's jim cantore. >> this is jim cantore, mr. weather man himself. he's got the whole thing, thank you. you did very well. >> thank you very much. so did you. >> he told me it was going to be very hard to make snow balls in this weather, right? >> i did. >> andrew -- >> too dry. >> andrew, we can't wait to see you back here. have a safe trip back. that does it for us. "squawk on the street" starts right now. >> appreciate it. >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, with jim cramer and carl quintanilla and david faber. how are we poised to start the friday morning session. right at the open, the s&p 500 looking to add to five-year highs at this point. looking at about six
on the street." i'm john harwood. here in washington and around the country, we saw a different barack obama in yesterday's inaugural address. up with more assertive, determined to force his policy choices through the governmental system. he tried to prepare the ground for the coming fight over deficits and debt by refuting republican arguments and casting his own as consistent with the american tradition. >> the commitments we make to each other through medicare and medicaid and social security, these things do not zap our nation, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> now, the president got hopeful news a few days ago when republicans blinked on the debt ceiling increase. but there is no guarantee that they're going to extend similar cooperation on other parts of the agenda. we have to see whether or not partisan warfare actually escalates later in the year or whether we have turned a corner and the president has found a different way of dealing with republicans that's more effective. >> fascinating weeken
but joins us to talk about microsoft, too. hey, john. >> possible the earnings could distract, likely to be to be more in line with expectations, microsoft wouldn't give disappointing quarterly guidance, because they don't give any. don't count out the pcs, windows division do well despite the fact that 6% drop in pc sales. revenue over 5 billion there driven by businesses buying windows-based 7 pcs. don't forget about the entertainment and devices division, xbox, windows phone and other access source. analysts have trouble forecasting this one and underestimate t healthy kinect sales and sales of xbox as an entertainment hub could have helped this unit with the expect. if you are looking to microsoft's report to take your mind off apple's, interesting market call. >> no sleep last night, john no sleep tonight as well. thanks a lot. jon fortt out of san jose. >>> netflix posting a blowout fourth quarter. shares up, as you can see almost 40%, hasn't done that in a decade. ceo reed hastings spoke us to in his first tv interview in a year and a half. those comments next. >>> bank of amer
mentioned john passed away -- >> my good buddy. >> he was a sharp guy. the past two weeks, year oe year-over-year wages dropped 2.3%, it's realtime guessed i'm gue guessing a with holding information mr. lissio used to use. is that sample too small to draw any conclusionings. >> it's an increase of 4%. we will see a huge increase in gdp and after tax income in the fourth quarter mainly december, at least 100, 120 billion of extra income from 2013 recognized in december to beat the higher tax brackets, capital gains increase. so, in other words, the economy now feels like 20% increase in take home pay has been given to the economy. it feels good. the problem with that, that income was going to be recognized this year, no longer here to be recognized. we're seeing a slowdown in income as we come forward. the best theater on tv to me wasn't to social inept types, but the fact that some of your -- the guests this morning, from companies were being like, do you see an increase in the economy? are things growing or things better? they're selling stock in aggregate, not buying stock anymore. t
Search Results 0 to 4 of about 5